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America Movil to acquire 5G frequencies in LatAm markets: CEO

Mexican telecom group America Movil plans to invest about $8 billion this year to boost its network infrastructure and acquire additional 5G spectrum in new markets, the company’s CEO Daniel Hajj said during a conference call with investors.

Hajj said that the telco aims to acquire 5G frequencies in countries such as Brazil, Colombia and the Dominican Republic. Regarding Mexico, he commented that, although they are interested in the 5G auctions that will probably take place in October, the company already owns frequencies in the 3.5 GHz spectrum in that market.

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